I'd call this the sensible middle of TD's points lineup: a real step up from the no-fee TD Rewards Visa, with no income requirement and a first year that costs nothing. It earns 4.5 points per dollar on groceries, dining and transit, 3 on recurring bills and streaming, and 6 on travel booked through Expedia For TD.
The catch is the currency. TD Rewards Points are worth 0.5 cents each at best, at Expedia For TD, so 4.5x is about 2.25% back and the 1.5x base is 0.75%. From what I can tell, it suits someone who already books trips on Expedia and wants decent everyday earning without a big fee; anyone after airline transfers or lounge access should look elsewhere.
Welcome offer
TD is advertising up to 50,000 TD Rewards Points plus a first-year annual fee rebate, verified on TD's page on October 13, 2026; the offer has been in effect since March 2, 2026 and no end date is printed. 15,000 points come after your first purchase, and 35,000 more after $3,000 in purchases, the first one included, within 180 days of opening the account. TD says to allow 8 weeks after each condition for the points to post.
TD's headline is "up to $370 in value": $250 for the 50,000 points at Expedia For TD (200 points = $1) plus the $89 primary and $35 first additional cardholder fees for year one. The primary rebate needs the card activated and used within 3 months of opening. The offer is not available if you activated or closed a TD Platinum Travel account in the last 12 months.
$3,000 in 180 days is about $500 a month, which most households reach on groceries and bills alone. Make the first purchase in the first 3 months, since that also triggers the $89 fee rebate.
Fees & eligibility
The card costs $89 a year, and TD rebates it for the first year if you activate the card and make a purchase within 3 months of opening. The first additional cardholder is $35 (also rebated in year one if added during the offer), and up to two more are free. There is no minimum income requirement, and a TD All-Inclusive Banking Plan rebates the fee every year.
The purchase rate is 21.99% and cash advances are 22.99%. The product page does not list a balance transfer rate or advertise a foreign transaction fee waiver, so assume a conversion fee on purchases in another currency. The points only come out ahead if you pay the balance in full each month.
Earning rewards
The top rate is 6 points per dollar on travel booked through Expedia For TD. Groceries, dining and public transit earn 4.5 points, recurring bill payments and streaming, digital gaming and media earn 3 points, and everything else earns 1.5 points.
At 0.5 cents per point (cpp), the Expedia For TD rate, those work out to 3%, 2.25%, 1.5% and 0.75%. Each bonus category stops at $15,000 in annual net purchases (groceries, dining and transit each have their own cap), after which spending earns 1.5x. Linking the card to Starbucks Rewards adds 50% more points there.
Redeeming rewards
TD Rewards Points have a different value depending on where you spend them. Travel booked through Expedia For TD is the best use: 200 points = $1, or 0.5 cpp, redeemed in 200-point increments at booking, with no blackouts or seat restrictions.
Other options, such as Pay off Purchases, Pay down Balance, Amazon.ca, Starbucks Stars or travel booked somewhere other than Expedia For TD, are priced by TD at the time you redeem, with a guaranteed minimum of 400 points per $1 (0.25 cpp). There are no airline or hotel transfer partners, so the ceiling is the Expedia For TD rate.
Perks & benefits
The most useful extra is the first-year fee rebate, which makes year one free for the primary cardholder and the first additional cardholder. After that the perk list is short: 50% more points at Starbucks when the card is linked, a free 3-month Uber One trial for eligible cardholders, and at least 10% off base rates at participating Avis and Budget locations in Canada and the U.S.
There is no lounge access, no travel credit and no airline or hotel status on this card. Those sit on the $139 TD First Class Travel Visa Infinite, along with higher earn rates and $25,000 category caps.
Insurance
The insurance covers travel hiccups and gadgets rather than health. There is no emergency medical and no trip cancellation or interruption cover, so trips need a separate policy. What is included: flight or trip delay of 4 hours or more (up to $500 for meals and accommodation), delayed or lost baggage (up to $1,000 per person per trip after a 6-hour delay), common carrier travel accident up to $500,000, and rental car collision and loss damage on vehicles up to $65,000 MSRP for up to 48 days.
Mobile device insurance pays up to $1,000 per claim for 2 years from purchase, depreciated 2% a month, less a $25 to $100 deductible. Purchase security covers 90 days and extended warranty adds up to 1 year, with a $60,000 lifetime cap across your TD cards, and hotel or motel burglary is covered up to $2,500.
My take
I'd get this card if you book travel through Expedia anyway and want stronger everyday earning than TD's no-fee card; if you want airline points or lounges, I'd skip it.
I find the first year easy to like: the fee is rebated, 50,000 points are worth $250 at Expedia For TD, and 4.5x on groceries and dining is a fair 2.25% at that rate. The $15,000 caps are generous enough that few households hit them, and the $1,000 mobile device cover is a useful add for an $89 card.
From year two, the math gets tighter. Every point is tied to TD's own redemption rates, with nothing to transfer to, so the 0.5 cpp Expedia rate is the ceiling. If you'd keep the card past year one, I'd compare it with the $139 TD First Class Travel Visa Infinite, which earns 6x on groceries and dining with $25,000 caps but needs $60,000 personal or $100,000 household income.
The good
- First-year fee rebated, and no income requirement
- 4.5x on groceries, dining and transit, with $15,000 caps each
- Mobile device insurance up to $1,000
The catch
- Points worth 0.5 cpp at best, with no transfer partners
- No emergency medical or trip cancellation insurance
- Best value is locked to Expedia For TD